US Politics & Business News
The Federal Reserve is signaling a dramatic shift in monetary policy, with most officials now leaning toward raising interest rates before the end of 2026. New Fed chairman Kevin Warsh struck a notably hawkish tone during the central bank’s June meeting, surprising markets that had anticipated further rate cuts this year. Almost every member of…
India’s consumer price inflation climbed to 4.38% in June, rising from 3.93% in May, marking the eighth consecutive month of acceleration. The figure came in above economists’ expectations of a 4.30% increase, according to a Reuters poll of analysts. The U.S.-Iran war and a weakening monsoon season have combined to push food and fuel prices…
New Zealand has approved a gateway license for Two Degrees Networks, adding ground infrastructure to AST SpaceMobile’s (ASTS) growing satellite network. Shares of AST SpaceMobile fell 3% overnight heading into Monday, extending a rough stretch for the stock despite the regulatory milestone. ASTS logged a 14% decline last week, marking its worst weekly performance in…
Renewed hostilities between the United States and Iran sent oil prices sharply higher while stock futures retreated on fears of fresh disruption to global energy markets. Brent crude, the main international benchmark, rose more than 3 percent, reversing a slide that had returned prices to pre-conflict levels before tensions flared again. Brent futures for September…
The S&P 500 has climbed 10.2% year to date, closing at 7,543.64, with a 20.1% gain recorded over the past year. Morgan Stanley analysts argue that artificial intelligence spending has become one of the stock market’s most critical supports, surpassing energy concerns in importance. The bank projects AI investment will jump from nearly $800 billion…
Wall Street is witnessing an unusual shift in how analysts are revising their earnings estimates heading into the second quarter of 2026 earnings season. In a typical quarter, analysts lower their earnings estimates as the period progresses, reflecting the gap between initial optimism and corporate reality on the ground. This time, however, the opposite has…
The U.S. plans to spend $1 trillion on defense in 2026, with a 2027 funding request standing at approximately $1.5 trillion. If approved, that 2027 budget would represent the largest year-over-year increase in defense spending ever recorded in American history. Rising military budgets come amid escalating geopolitical tensions, including the ongoing U.S.-Iran and Ukraine-Russia conflicts…
Redwire Corporation (RDW) has shed 28.8% over the past month, a stark contrast to peers and broader market benchmarks posting solid gains during the same period. The Zacks Aerospace-Defense industry grew 4.3% during that stretch, while the broader Zacks Aerospace sector gained 3.8%, leaving RDW well behind both benchmarks. Even the S&P 500 managed a…
AST SpaceMobile (ASTS) and Space Exploration Technologies Corp. (SPCX) are locked in a fierce battle to dominate the rapidly expanding low-Earth orbit satellite connectivity market. Both companies are building LEO satellite networks designed to deliver broadband and direct-to-device mobile connectivity to consumers and businesses worldwide. AST SpaceMobile is developing what it describes as the world’s…
Zacks Equity Research has spotlighted three major aerospace and defense companies as strong buys, citing powerful industry tailwinds heading into the back half of 2026. The firms identified are GE Aerospace (GE), RTX Corp. (RTX), and General Dynamics (GD), all of which carry a Zacks Rank #2 (Buy) rating. The Zacks Aerospace-Defense industry continues to…